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PSF shares recover on trading volume
The Saudi Fransi Bank (P.S.F) stock experienced a strong rebound from a significant technical support level at the 200-day moving average. This move was supported by high liquidity inflows and positive technical signals from a bullish candlestick pattern. The stock is currently trading at 20.07 Riyals, with expectations of reaching target prices at 20.60 and 21.10 Riyals, and potentially 22.10 Riyals if momentum continues. Regarding risk management, a stop-loss level has been set at 19.45 Riyals, with a main support at 18.50 Riyals in case the current support level is breached. It is worth noting that the stock has risen since the beginning of 2026 from a low of 15.57 Riyals up to a high of 22.49 Riyals, in a clear dominance of buying forces over the medium and long term.
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